Insurance payouts and tax

A Buxton resident reminds us that there are tax implications for lump sum insurance payouts, and advises contacting the Insurance Financial Ombudsman on 1800337444 before finalising any insurance payouts.

This link is to a flyer aimed at residents of Kinglake, however it contains some interesting information, and a free legal advice hotline that I am sure will apply to our area as well : bushfire legal help. It was posted on the Murrindindi site on Monday (I must have missed it)